Hippo Holdings Inc. (NYSE:HIPO) Receives Average Rating of “Moderate Buy” from Brokerages

Hippo Holdings Inc. (NYSE:HIPO) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $38.3333.

A number of analysts recently issued reports on HIPO shares. B. Riley Financial started coverage on Hippo in a research report on Friday, April 17th. They set a “buy” rating and a $38.00 price objective for the company. Keefe, Bruyette & Woods lifted their price objective on Hippo from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. Zacks Research raised Hippo to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings raised Hippo from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th.

Insiders Place Their Bets

In other Hippo news, CEO Torben Ostergaard sold 6,105 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $28.57, for a total value of $174,419.85. Following the completion of the sale, the chief executive officer owned 46,694 shares of the company’s stock, valued at $1,334,047.58. The trade was a 11.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Mccathron sold 5,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $27.10, for a total value of $135,500.00. Following the completion of the sale, the chief executive officer directly owned 604,212 shares of the company’s stock, valued at $16,374,145.20. This represents a 0.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 21,705 shares of company stock valued at $587,734. Insiders own 10.80% of the company’s stock.

Institutional Trading of Hippo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Hippo in the fourth quarter worth about $26,000. Altshuler Shaham Ltd lifted its position in shares of Hippo by 270.4% in the fourth quarter. Altshuler Shaham Ltd now owns 1,000 shares of the company’s stock worth $30,000 after buying an additional 730 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Hippo in the second quarter worth about $33,000. AlphaQuest LLC lifted its position in shares of Hippo by 109.5% in the third quarter. AlphaQuest LLC now owns 1,251 shares of the company’s stock worth $45,000 after buying an additional 654 shares during the last quarter. Finally, Torren Management LLC acquired a new stake in shares of Hippo in the fourth quarter worth about $55,000. Institutional investors and hedge funds own 43.01% of the company’s stock.

Hippo Price Performance

HIPO opened at $25.96 on Friday. The stock has a market cap of $675.92 million, a price-to-earnings ratio of 6.01 and a beta of 1.53. Hippo has a 1 year low of $21.80 and a 1 year high of $38.98. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average price of $26.71 and a 200 day moving average price of $29.59.

Hippo (NYSE:HIPO) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $120.40 million during the quarter. Hippo had a return on equity of 12.17% and a net margin of 23.45%. Analysts forecast that Hippo will post 1.03 EPS for the current fiscal year.

Hippo Company Profile

Hippo Enterprises Inc is a technology-driven home insurance company that offers modernized homeowners insurance products through a digital-first platform. Leveraging data analytics, artificial intelligence and smart home devices, the company designs tailored coverage plans intended to streamline the underwriting process and deliver more comprehensive protection for homeowners. Hippo’s policies typically include standard dwelling coverage, personal property protection and liability insurance, along with optional add-ons such as water backup, home computer systems and equipment breakdown coverage.

Through its online portal and partner network of licensed insurance agents, Hippo provides policyholders with a range of services aimed at minimizing risk and preventing losses before they occur.